This paper considers the effect of Parker and Wine Spectator ratings on Swiss retail prices of thegrand cru classé of Médoc , Graves and St Emilion as well as the most renowned wines ofPomerol in a panel data setting. The application of a two-way fixed effects regression model todata of the...

The global hunger indices of 2008 and 2009 (Grebmer et al. 2008, 2009) point to persistently high levels of hunger and food insecurity and a worsening of the situation due to rising crop prices. At the same time, there is a lack of empirical knowledge on the demand- and supply-side determinants...

In this article we discuss the determinants of international agricultural market prices andpresent the results of a partial equilibrium model of international agricultural trade withinterconnected markets. The results of the model suggest that the long term trend of decliningreal agricultural...

This article reviews ways of representing the effects of decoupling in the EuropeanUnion (EU) on land allocation and production in eight selected simulationmodels (AGLINK, AG-MEMOD, CAPRI, CAPSIM, ESIM, FAPRI, GOALand GTAP). It then compares the simulated effects of decoupling and tracesthem...

Several empirical analyses of data from fed cattle markets have found anegative correlation between a region's weekly delivery volume of captive supply cattleand contemporaneous price in the local cash market. This negative correlation has beencited as evidence of a causal relationship between...

After controlling a variety of feeder cattle characteristics and market and sale conditions, weestimate the price premiums for preconditioning (vaccinations and minimum 30 days weaning)claims with and without third-party certification (TPC) as $6.15/cwt and $3.40/cwt, respectively,in Iowa feeder...

We use dynamic panel analysis to examine whether credit rating agencies achieve what they claim to achieve, namely, look into the future when assigning their ratings. We find that Moodey's ratings help predict individual financial ratios over a horizon of up to five years. Ratings also predict a...

The main aim of this paper is to compare the size and size-adjusted power prop-erties of four residual-based and one maximum-likelihood-based panel cointegrationtests with the help of Monte Carlo simulations. In this study the panel-rho, the group-rho, the panel-t, the group-t statistics of...

This paper explores how cross-sectional data can be exploited jointly with longitudinal data,in order to increase estimation efficiency while properly tackling the potential bias due tounobserved individual characteristics. We propose an innovative procedure and we show itsimplementation by...

The UK´s Equal Opportunities Commission has recently drawn attention to the hidden braindrain when women working part-time are employed in occupations below those for whichthey are qualified. These inferences were based on self-reporting...